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Sunday, March 15, 2009
My Strategy is based on strong levels of resistance and support where market makes reversion. When market makes reversion thees levels of support and resistance are Pivots. In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice verse. But if some level of resistance is broken it becomes level of support. Ex pivot no more exist like pivot. It became support. When you do watch just one pair it's could make you little confused, but if you have some possibility to watch some correlation between more relatively correlative pears it's much easy. So we have 7 popular USD pairs, EUR, GBP, AUD, NZD, JPY, CAD and CHF. It means we have good posiability to wach how acts USD in market per 7 pairs.
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